Solana Price Prediction: Key Technical Formation Signals Major Upside Potential for SOL
Main Idea
Solana's price shows potential for significant upside, with technical formations suggesting targets between $260-$350, supported by bullish indicators and patterns.
Key Points
1. Solana's daily chart shows an ascending triangle breakout, targeting $260 resistance, with key support at $160 and RSI indicating room for further growth.
2. The 2-day chart reveals a rounded bottom completion, projecting potential targets in the $340-350 range based on the pattern's depth and breakout levels.
3. Solana's current price at $186.78 has retested breakout levels, confirming the validity of the bullish pattern.
4. The monthly chart indicates Solana is approaching its previous cycle high near $265, reinforcing the bullish outlook.
5. Best Wallet's $BEST token presale is highlighted as an opportunity for early-stage exposure to Solana's ecosystem during its potential growth phase.
Description
Solana is gaining massive traction as Bitcoin dominance decreases and altcoin season accelerates , with SOL currently testing critical resistance around $188 after breaking above key technical formations. The cryptocurrency has successfully penetrated the major resistance zone between $175.96 and $185.56, positioning itself for a potential breakout toward 2021 highs near $260. Technical analysis across multiple timeframes reveals compelling evidence suggesting SOLmmay be entering a significant u...
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